Overdraft Options Comparison

Overdraft Account Transfer Overdraft Line of Credit OPA – All Services OPA - Checks and Electronic (ACH) Transactions Only No Coverage
How does it work?

Funds from your RCU savings and/or money market account will be automatically transferred to your checking account in $100 increments to cover the transaction.

Funds from your Overdraft Line of Credit will be advanced in $100 increments to your checking account to cover the transaction.

Instead of a transaction being returned or being declined, RCU may pay the transaction on your behalf.

Instead of a transaction being returned or being declined, RCU may pay the transaction on your behalf.

Checks and electronic (ACH) transactions will be returned unpaid.

Automatic recurring debit card payments will be declined.

Everyday debit card transactions will be declined at the point of sale or when you swipe and sign.

What does it cover?
  • Checks
  • Automatic recurring debit card payments
  • Electronic transfers (ACH)
  • Everyday debit card purchases 
  • Checks
  • Automatic recurring debit card payments
  • Electronic transfers (ACH)
  • Everyday debit card purchases.
  • Checks
  • Automatic recurring debit card payments
  • Electronic transfers (ACH)
  • Everyday debit card purchases
  • Checks
  • Automatic recurring debit card payments​
  • Electronic transfers (ACH)

N/A

What does it cost?

Free

Daily interest is charged on the outstanding balance. (If there is no balance, no interest or fees are charged.) 

You are only charged a fee if you use the service.

$23 per

overdraft

After a transaction is paid by RCU, you’ll be asked to make a deposit to cover the negative balance in your account immediately.

You are only charged a fee if you use the service.

$23 per overdraft

After a transaction is paid by RCU, you’ll be asked to make a deposit to cover the negative balance in your account immediately.

$23 per overdraft

Are there any restrictions?

This service is limited to 6 transfers per month by Federal Regulation D.

If your designated savings/money market account does not have at least $100, the transfer cannot be processed to cover your overdraft.

If your line of credit does not have at least $100 available, or if your loan payment is late, the transfer cannot be processed to cover your overdraft.

Transactions will be paid up to your OPA limit.

Everyday debit card transactions will be declined.

If a merchant fails to seek authorization for the full amount, the debit card transaction will be paid without a fee.

Other transactions will be paid up to your OPA limit.

Everyday and recurring automatic debit card transactions will be declined.

If a merchant fails to seek authorization for the full amount, the debit card transaction will be paid without a fee
How do I sign up?

Call us at 1 (800) 479-7928 or visit your local branch.

Apply for a line of credit

Please log into RCU online and click the Member Services tab and Overdraft Pay Advantage.
www.redwoodcu.org

Please log into RCU online and click the Member Services tab and Overdraft Pay Advantage.
www.redwoodcu.org

Please log into RCU online and click the Member Services tab and Overdraft Pay Advantage.
www.redwoodcu.org